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Learn where to invest and find high rates.
It’s listener question Friday!
Dear Linda,
I love your podcasts! They are simply fabulous! I am wondering where can I get some financial products with a high rate of compounding? Let’s say 8 to 10%. I need your great help for that, Linda. Thank you very much.
Best regards, Marie
I wish 8 to 10% was so easy!
Be careful when reaching for yield.
A friend of mine was pitched 5.5% junk bonds that weren’t diversified and were 30 year bonds! He was actually considering them because a “friend” recommended them.
High yields equal high risk.
Bank yields are paying maybe 1% to 2%. Ten year bonds are 1.5%. How can you get 5.5? Lower the quality – but you don’t want to do that.
Consider alternative investments – but they can be complex.
Dividends on stocks – but it entails risk to principal.
There’s no easy answer for a “guaranteed” rate.
But here’s the question: should you be investing for growth instead of income anyway?
Growth does involve risk, but over the long-term risk is minimized and returns are maximized.
Get started investing to grow your wealth.
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